As widely expected, LightSquared filed for Chapter 11 bankruptcy protection. The company reported assets and debts, each exceeding $1 billion. The Wall Street Journal had reported over the weekend that LightSquared was preparing for bankruptcy, even as it negotiated with lenders to avoid a default. According to LightSquared’s filing, Boeing Satellite Systems is its biggest […]
Reports: LightSquared could file for bankruptcy
LightSquared could file for bankruptcy as early as today, according to reports citing people familiar with the matter. LightSquared and its lenders have until 5 p.m. EST today to strike a deal that would keep the company out of bankruptcy court, both Reuters and The Wall Street Journal reported over the weekend. The Journal said […]
NewNet re-launches with WiMAX at the Center
Who says WiMAX is dead? Don’t tell that to the folks at NewNet Communication Technologies or the firm’s owner, Skyview Capital. NewNet is 20+ years old and includes the former WiMAX division of Motorola, which was sold to Nokia Siemens Networks in 2010 and was acquired by NewNet this past February. More recently, the owners […]
CTIA Wireless 2012 transforms itself
As the wireless industry gets ready to descend on New Orleans for the annual CTIA convention May 8-10, attendees will bear witness not only to the transformation the city went through, but also to the transition the trade show went through itself. Many show-goers haven’t been to the Big Easy since 2005, the last time CTIA […]
Greystripe intros PC-to-mobile ad targeting
Greystripe is using its relationship with parent company ValueClick to up the ante in the mobile ad network space. Yesterday, Greystripe announced ValueClick Audience Mapping, a proprietary technology bridging ValueClick’s online tracking data with the mobile space. Kurt Hawks, general manager of Greystripe, said Audience Mapping is one of the company’s largest product releases to […]
Report: U.S. smartphone ownership matches feature phones
As of February 2012, almost half of U.S. mobile subscribers now own smartphones, according to Nielsen. That marks an increase of 38 percent over last year, when only 36 percent of mobile subscribers owned smartphones in February. Nielsen says that overall, Android continues to lead the smartphone market in the United States, with 48 percent […]
CTIA applauds tax cut continuation act
CTIA is happy that lawmakers have agreed to extend the payroll tax cut through the end of this year because it includes a provision to auction off airwaves and give its members access to precious spectrum. “Today’s action to make repurposed broadcast spectrum available for wireless broadband service is vital to ensuring America’s wireless industry […]
Skyfire raises $8M, gets Verizon backing
Skyfire Labs, a mobile video optimization company, has raised $8 million in Series C financing, and even though Verizon Investments participated in the round, the company views that as a plus, not a minus, when it comes to getting business with other Tier 1 carriers in North America. Verizon Investments is a subsidiary of Verizon […]
Clearwire’s got capacity to share
Clearwire’s got capacity in the 2.5 GHz band, and it’s here to share it – at the right price. That sums up part of the message during a fireside chat with Clearwire CFO Hope Cochran at the Citi conference in San Francisco on Wednesday. The event was webcast. Much of Clearwire’s traffic is driven by […]
AT&T rolls out free VoIP app
Remember when apps like Skype were blocked? That was more than two years ago, and at the time, some speculated the reason for blocking was due in part to carriers’ desires to offer their own branded VoIP apps rather than make it easier for competitors. Yesterday, AT&T introduced AT&T Call International, a free mobile VoIP […]